Cleveland, October 15, 2025
The Cleveland Browns and city officials have successfully settled a long-standing dispute, paving the way for a new $100 million domed stadium. This agreement promises modern facilities, economic growth, and enhanced experiences for fans at the future venue, marking a significant milestone for the city and the team. With plans moving forward, stakeholders anticipate a boost in local economy and community engagement as they gather for events in this state-of-the-art facility.
Cleveland, Ohio
City and Browns Reach $100 Million Settlement for New Stadium
The City of Cleveland and the Haslam Sports Group (HSG), owners of the Cleveland Browns, have reached a $100 million agreement, paving the way for the construction of a new domed stadium in Brook Park. This settlement resolves a prolonged dispute and sets the stage for a $2.4 billion sports and entertainment complex, expected to open in 2029.
Key Details of the Settlement
- Initial Payment: HSG will pay the city $25 million by December 1, 2025.
- Stadium Demolition: HSG will fund the demolition of the current Huntington Bank Field, estimated at $30 million, to prepare the site for redevelopment.
- Annual Payments: Starting January 1, 2029, HSG will pay the city $5 million annually until 2033, totaling $25 million over five years.
- Community Investment: Upon termination of the current lease in 2029, HSG will invest at least $2 million annually over the next ten years in community benefit projects, amounting to no less than $20 million.
- Infrastructure Support: Both parties will collaborate on infrastructure plans related to the new stadium, including road and air travel improvements, modernization of Cleveland-Hopkins International Airport, and development of the Cleveland lakefront.
Background and Implications
The Browns’ current lease at Huntington Bank Field expires after the 2028 season. The new stadium, to be located in Brook Park near Cleveland Hopkins International Airport, is part of a broader initiative to revitalize the city’s lakefront and stimulate economic growth. The project is expected to generate significant revenue and attract major events, enhancing fan experiences and benefiting the local economy.
Mayor Justin Bibb emphasized the importance of this agreement, stating that it unlocks the full potential of Cleveland’s lakefront, benefiting residents and attracting new investment to the city. The collaboration between the city and HSG is seen as a win for the region, promising a world-class facility and mixed-use development in Brook Park.
Frequently Asked Questions (FAQ)
What is the total value of the new stadium project?
The new stadium project is valued at $2.4 billion.
When is the new stadium expected to open?
The new stadium is expected to open in 2029.
Where will the new stadium be located?
The new stadium will be located in Brook Park, near Cleveland Hopkins International Airport.
What is the current status of the stadium lease?
The current lease at Huntington Bank Field expires after the 2028 season.
How will the demolition of the current stadium be funded?
HSG will fund the demolition of the current Huntington Bank Field, estimated at $30 million, to prepare the site for redevelopment.
Key Features of the New Stadium Project
| Feature | Details |
|---|---|
| Location | Brook Park, near Cleveland Hopkins International Airport |
| Estimated Cost | $2.4 billion |
| Opening Year | 2029 |
| Stadium Type | Domed |
| Current Lease Expiration | 2028 |
| Demolition Funding | HSG to fund demolition, estimated at $30 million |
| Community Investment | At least $2 million annually over 10 years, totaling no less than $20 million |
| Infrastructure Support | Collaboration on road and air travel improvements, airport modernization, and lakefront development |
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